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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (136430)	9/14/2006 9:46:53 AM
From: Henry J Costanzo	of 209892

Yes,SNS...I left out the 20002 cycle low. Think I explained when I posted that chart in August that I was doing so because the 2002 rook place in a falling market, whereas '94 and '98 were in the context of a rising market.. I realize that this basically reflects my bullish bias. If we take the 2002 cycle pullback as having begun at the early year highs, then it took roughly 6 months to complete the drop and 2 years to recover... Applying that to the present situation would, of course, be much too bearish for my tastes....LOL

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